Income Protection

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

Short term and Long term Protection features:

Short-term

  • On claim, the monthly income is paid for a limited period of time - normally anything from 1 - 5 years (depending on the insurance company).

Long-term

  • Monthly income is paid until your anticipated retirement age.

Short and Long term Protection benefits:

Short-term

  • More affordable than long-term protection.

Long-term

  • No matter how serious your illness or accident, you have peace of mind that you will always be able to afford your bills and lifestyle expenses.

Who is it for?

This type of plan is designed for anyone whom is working (employed or self employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As Professional Mortgage & Protection Advisors we can help you find the plan that best meets your requirements.

 

Payment Protection Insurance is optional.  There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income.